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Cable Update (GBPUSD)

  • #735,921
  • Mar 14, 2023 1:28am Mar 14, 2023 1:28am
Break out of fake out ? 😀
My telegram: https://t.me/avidforex
  • #735,922
  • Mar 14, 2023 1:32am Mar 14, 2023 1:32am
Quoting dantpm
{quote} I have heard this proposed by several but if you think about it, now that the FED has a backstop protection, the extra credit for banks to prevent them from going under, why can't they continue with rate increases?
To prevent Banks like SBV from collapsing.
I'm enjoying the wins because I was once terrified by loses
  • #735,923
  • Edited 8:47am Mar 14, 2023 1:34am | Edited 8:47am
It would make sense, chart-wise, UK numbers to be bad in 30 minutes...for GU to drop below 2135. But even if not, every spike towards 2200 seems to be a good scalp short, for now. Week is still young.
Everyone can see the chart, but only a few can actually read it.
  • #735,924
  • Mar 14, 2023 1:40am Mar 14, 2023 1:40am
i see 1.2072 max drop, around there. will look to enter buys around there if it aligns with the dollar gap
  • #735,925
  • Mar 14, 2023 1:41am Mar 14, 2023 1:41am
Quoting Erto
{quote} To prevent Banks like SBV from collapsing.
The FED announced extra credit facilities available to banks to prevent collapses for banks holding treasuries.
  • #735,926
  • Mar 14, 2023 1:45am Mar 14, 2023 1:45am
Quoting mysterio
{quote} nah frankie, claimant count news look for DXY to fill the gap in the morning, then reverse after fill that should give you a good entry point for the buy then just sit on the buy until we clear 1.2450 also hold the sell until euro/dxy gap is closed
a more realistic intraday target is 1.2281 with partial at 1.2223. after a decent swing down.
  • #735,927
  • Mar 14, 2023 1:49am Mar 14, 2023 1:49am
Quoting mysterio
{quote} nah frankie, claimant count news look for DXY to fill the gap in the morning, then reverse after fill that should give you a good entry point for the buy then just sit on the buy until we clear 1.2450 also hold the sell until euro/dxy gap is closed
North America switched to daylight savings time on the weekend. Europe didn't!
  • #735,928
  • Mar 14, 2023 1:54am Mar 14, 2023 1:54am
Quoting dantpm
{quote} North America switched to daylight savings time on the weekend. Europe didn't!
thanks for reminding me, didnt realize. first trading day of the week for me today.
  • #735,929
  • Mar 14, 2023 1:58am Mar 14, 2023 1:58am
Waiting for claimant spike down, then long GU cause i dont want to Long USD due to bank crisis and CPI later today- both favour USD weakness.

edit: If spike up, waiting for RT of Broken Resistance
More time in the market, does not mean you trade better!
  • #735,930
  • Mar 14, 2023 2:03am Mar 14, 2023 2:03am
UK data seems good…
Insane in the Brain..
  • #735,931
  • Mar 14, 2023 2:03am Mar 14, 2023 2:03am
good morning

the way is clear
if we stay above green line = long
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 604 KB
Trendlines H1,H4, SMC
  • #735,932
  • Mar 14, 2023 2:07am Mar 14, 2023 2:07am
Does Investing.com carried its research data independently?
Cause its consensus for Uk Claimant count was different from FF and Financialjuice while same as FXstreet consensus at -12.4K vs 12.5K(for FF and FJ).
More time in the market, does not mean you trade better!
  • #735,933
  • Mar 14, 2023 2:09am Mar 14, 2023 2:09am
DailyFX data
Attached Image (click to enlarge)
Click to Enlarge Name: B4F75818-3A3A-4F9B-B4AF-B38CE676138D.png Size: 132 KB
Insane in the Brain..
  • #735,934
  • Mar 14, 2023 2:12am Mar 14, 2023 2:12am
Long 1.2168 SL 1.2138
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #735,935
  • Mar 14, 2023 2:16am Mar 14, 2023 2:16am
waiting 30 mins for sell
seems like stop hunt time
  • #735,936
  • Mar 14, 2023 2:17am Mar 14, 2023 2:17am
Quoting BeeTogether
DailyFX data {image}
The data is actually bad but it is close to expectations!
  • #735,937
  • Mar 14, 2023 2:23am Mar 14, 2023 2:23am
(1) Banks In Crisis: The Ghosts Of Lehman Brothers - YouTube
  • #735,938
  • Mar 14, 2023 2:37am Mar 14, 2023 2:37am
Quoting dantpm
{quote} The data is actually bad but it is close to expectations!
unemployment same as last month but employment change is higher than expected… although in the BBC news flashed that vacancies fell 🤷🏽♂️
Insane in the Brain..
  • #735,939
  • Mar 14, 2023 2:46am Mar 14, 2023 2:46am
Today's plan
The U.K. ILO Unemployment Rate (Jan) data does not seem to have had much impact on the market, but it is still important to keep an eye on the U.S. CPI data.
The upward trend has not been affected yet. Follow the trend until the CPI data is released.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.14GBP.png Size: 62 KB
Just follow the trend.
  • #735,940
  • Mar 14, 2023 2:50am Mar 14, 2023 2:50am
Quoting lucaswalliam
Today's plan The U.K. ILO Unemployment Rate (Jan) data does not seem to have had much impact on the market, but it is still important to keep an eye on the U.S. CPI data. The upward trend has not been affected yet. Follow the trend until the CPI data is released. {image}
CPI y/y- 6.0% consensus (BLS)
FED Inflation nowcasting- 6.2%
Truflation- 4.56%
More time in the market, does not mean you trade better!
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